Dominica seeks to catch up

The government of Dominica has tabled new legislation which, for the first time, would require companies to co-operate with requests for information made by criminal investigators from foreign jurisdictions. The draft measures, which come in response to the FATF review of non-co-operative territories that described the Caribbean island as “largely unregulated”, also contain powers under which the government would be able to confiscate property purchased with illicit funds as well as outline provisions for suspicious transaction reporting. The legislature is expected to consider the proposals when it sits again in November.